Big Take

Hackers the FBI has linked to North Korea stole $6.3 billion from Binance, pulling off the biggest crypto heist of all time.

On today’s Big Take podcast, host Sarah Holder speaks with Bloomberg crypto editor Ryan Weeks and Bloomberg Economics’ Adam Farrar about how the attack unfolded and how stolen crypto is increasingly funding Pyongyang’s nuclear ambitions. 

Read more: 

North Korean Hackers Behind Binance Crypto Heist Are Weaponizing AI

Kim Jong Un Flouted Sanctions to Amass $22 Billion Windfall

Further listening: The Unexpected Rise of North Korea’s Economy

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

See omnystudio.com/listener for privacy information.

After a rare double downgrade warning from MSCI, Indonesia suffered its worst stock rout in nearly 30 years.

On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg Indonesia bureau chief Ben Otto about what dropping Southeast Asia’s largest economy from key global benchmarks would mean for investors and what Jakarta can do to avert the crisis.

Read more: What Happens If Indonesia Is Removed From MSCI’s Global Indexes?

Further listening: Indonesia’s $15 Billion Free Lunch Experiment

Host:K. Oanh Ha; Guest: Ben Otto; Produced by Naomi Ng; Edited by Crispina Robert and Nicole Beemsterboer; Engineering by Greg Tock.

See omnystudio.com/listener for privacy information.

Grand Theft Auto VI is expected to set new records for the video game industry. But will potential billion-dollar sales of the title buoy an entire industry facing years of layoffs and lower returns on investment?

On today’s Big Take podcast, Bloomberg’s Jason Schreier takes us inside the making of GTA VI and breaks down the financial stakes of one of the biggest entertainment releases of all time.

Read more: The Making of Grand Theft Auto VI

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guest: Jason Schreier; Produced by Julia Press; Edited by Aaron Edwards; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

Ahead of the Federal Reserve’s decision to hold rates steady this week, host Sarah Holder sat down with author and economic commentator Kyla Scanlon to talk about who’s continuing to spend and borrow, who isn’t and what happens when consumer spending doesn’t equal consumer confidence. 

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guest: Kyla Scanlon; Produced by David Fox; Edited byTracey Samuelson and Patrick Hirsch; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

Republicans in Texas, hoping to lock in more seats in Congress, kicked off a redistricting frenzy that saw several other states redraw their congressional maps. Today on the show, host David Gura sits down with Bloomberg Texas Bureau Chief Julie Fine and Senior White House reporter Josh Wingrove to talk through why that gamble may not pay off.

Read more:

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:David Gura; Guests: Julie Fine and Josh Wingrove; Produced by David Fox; Edited by Nicole Beemsterboer and Naomi Shavin; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

Anthropic’s initial public offering, set for November, will be the first by a company whose primary focus is developing frontier AI models. It could surpass SpaceX’s recent IPO as the biggest on record. And it’s risky. In 94 pages, the company laid out how its plans could be knocked off course by regulation, energy costs, climate change — or catastrophic risks to humanity caused by its own models.

In today’s episode, host Sarah Holder, Bloomberg Opinion columnist Dave Lee and Michael Regan, managing editor for US equities, talk about why the company is leaning into its risk prospectus, what a successful IPO would mean for competitors and markets and how much is riding on next week’s US midterm elections.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guests: Dave Lee, Michael Regan; Produced by David Fox; Edited by Jeffrey Grocott; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

France is caught between two powerful forces: protesters demanding that the government protect public services and social benefits and a bond market that can’t stomach the idea of France’s deficit getting any larger.

But the fight over France’s budget is also reviving a longstanding debate at the heart of the euro zone: How much control does a country really have over its economic future when it shares a currency with its neighbors? On today’s Big Take podcast, Bloomberg’s John Stepek joins host Sarah Holder to discuss the competing forces shaping France’s financial future — and what’s at stake for the rest of Europe.

Read more:

Further Listening: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host: Sarah Holder; Guest: John Stepek; Produced by Julia Press and Naomi Shavin; Edited by Tracey Samuelson; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

India’s “Cockroach” protests have returned to the streets of Delhi, and just as the country faces intensifying challenges from abroad, including fallout from the Iran war and tensions with the US, China and Pakistan.

In a conversation on the sidelines of Bloomberg’s New Economy Forum in New Delhi last week, Suhasini Haidar, diplomatic editor for The Hindu, sat down with The Mishal Husain Show to unpack India’s shifting place in the world and Gen Z discontent at home.

See omnystudio.com/listener for privacy information.

For the first time since the Oct. 7 attacks, Israelis are headed to the polls. The race is seen as a referendum on Prime Minister Benjamin Netanyahu, who is neck-and-neck with opponent Gadi Eisenkot in the latest polls. 

On today’s Big Take podcast, Bloomberg’s Dan Williams examines the existential questions this election has raised: Will Israelis choose a post-Netanyahu future? And if they do, what would it mean for Israel and for the Palestinian territories?

Read more:

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

See omnystudio.com/listener for privacy information.

Tesla disclosed this week that it had fallen short of its targets for AI infrastructure spending. Investors didn’t like that. Meta revealed its plans to lay out more than $800 billion on AI infrastructure over the next decade. Investors didn’t like that, either.

On today’s Big Take podcast, why all eyes are on AI spending plans — and which US tech giants’ earnings to watch. Host Sarah Holder is joined by Michael Regan, managing editor for US equities, and Sarah Frier, managing editor for big tech, AI and startups.

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guests: Sarah Frier and Michael Regan; Produced by David Fox; Edited by Jeffrey Grocott; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

Amid the news that Elon Musk wants to merge Tesla and SpaceX, he has given $445 million to political races in the US midterms. That makes him one of the biggest-ever contributors in US history.  

On today’s Big Take podcast, host David Gura talks to Dana Hull, who covers Musk, and campaign finance reporter Bill Allison, about the impact that money could have on some of the closest races, like the Texas Senate race.

Read more:

Musk Giving Tops $445 Million in Midterm Election Push for GOP
Musk Pours $158 Million Into GOP Super PAC for Texas Senate Race
SpaceX, Tesla Boards Study Possible $3.5 Trillion Merger

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:David Gura; Guests: Dana Hull, Bill Allison; Produced by Julia Press, David Fox, Julia Weaver; Edited by Naomi Shavin; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

Japanese Prime Minister Sanae Takaichi wants to put Japan back in the fast lane, with huge investments in everything from AI to space technology. But can she generate the growth to justify the spending without unsettling markets and voters?

On today’s Big Take Asia podcast, host K. Oanh Ha talks to Bloomberg’s Paul Jackson about Takaichi’s first-year scorecard and the economic and political pressures that could determine whether her agenda succeeds.

Read more: Japan Is Still Figuring Out How a Female Prime Minister Should Lead

Further listening: Japan Hikes Rates, Reshaping Carry Trade

We have a special Bloomberg subscription offer for podcast listeners atBloomberg.com/podcastoffer.

Host:K. Oanh Ha; Guest: Paul Jackson; Produced by Naomi Ng; Edited by Crispina Robert and Julia Weaver; Engineering by Greg Tock.

See omnystudio.com/listener for privacy information.

CoreWeave’s eye-popping debt and quest for new capital has some investors on edge. On today’s Big Take podcast, Bloomberg credit reporter Katherine Schwartz and AI infrastructure reporter Dina Bass join host Sarah Holder to make sense of the selloff, what it means for neoclouds and the future of the AI build-out.

Read more: CoreWeave’s Business Is Sound Despite Debt Fears, JPMorgan Says

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guests:Katherine Schwartz, Dina Bass; Produced by Julia Weaver and David Fox; Edited by Paddy Hirsch; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

In Disclosure, investigative reporter Jason Leopold and attorney Matt Topic take listeners inside a years long effort to head off document destruction at the White House during President Trump’s first term. Drawing from government documents (and The Big Lebowski), they reveal how the US National Archives and Records Administration tried to alert the feds to potentially illegal record disposal. And they learn why FBI and Justice Department personnel clashed before searching Trump's Florida home, Mar-a-Lago. Voice acting by Mandy Hull.

Subscribe to Jason's FOIA Files newsletter at https://www.bloomberg.com/account/newsletters/foia-files.

See omnystudio.com/listener for privacy information.

Are “natural” diamonds still worth it if you can get a near-identical alternative for a fraction of the cost? With a boost from celebrities like Sarah Jessica Parker, lab-grown competitors could be coming for the crown.

On today’s Big Take podcast, guest host Stacey Vanek Smith talks to industry insiders and De Beers Group CEO Al Cook about what $12 half-carat earrings could mean for the luxury business’ future and how the old guard is pushing back. 

Read more: The Diamond Industry’s Old Guard Wants You to Buy ‘Natural’

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer

Host:Stacey Vanek Smith; Guests: Al Cook, Edahn Golan, Adelle Archer; Produced by Julia Press; Edited by Aaron Edwards; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

US economic growth is up but consumer sentiment is down. Another rate hike, expected this year, could help lower inflation, but do little to ease the frustrations of much of the middle class, for whom the American dream sits just out of reach.

On today’s Big Take podcast, editors Matthew Boesler and Cristina Lindblad join Sarah Holder to unpack what the data says is happening in the US economy and why consumer sentiment tells another story.

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guests: Matthew Boesler and Cristina Lindblad; Produced by David Fox; Edited by Paddy Hirsch and Naomi Shavin; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

Energy prices are up — and President Trump is out of time to bring them down before the US midterm elections. 

On today’s Big Take podcast, David Gura breaks down the factors keeping prices high and how much it could cost the Republican party with White House reporter Josh Wingrove and Will Kubzansky, who covers gasoline, diesel and jet fuel. 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:David Gura; Guests: Josh Wingrove and Will Kubzansky; Produced by Julia Press, David Fox, Julia Weaver; Edited by Naomi Shavin; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

When millions of retail investors piled into India’s options market to get rich quick, losses mounted and regulators launched a sweeping crackdown. 

On today’s Big Take Asia podcast, guest host Rebecca Choong Wilkins and India equities reporter Savio Shetty break down how the world’s largest options market unraveled, why regulators are struggling to police the country’s latest craze and where traders are placing their bets now. 

Read more: How India Built (and Broke) the World’s Biggest Options Casino

Further listening: Inside Jane Street: The Enigmatic Firm That Rules Wall Street

Watch, from Originals: How India's Day Retail Traders Lost Billions

Host: Rebecca Choong Wilkins; Guest:Savio Shetty; Produced by Naomi Ng and Yang Yang; Edited by Crispina Robert and Julia Weaver. Engineering by Sean Carter II.

See omnystudio.com/listener for privacy information.

The AI infrastructure boom is funded by a complex web of investments, as tech companies pour money into one another and foreign investors funnel still more cash into the industry. That flow of foreign money is also creating global imbalances — and flashbacks to the run-up to the 2008 financial crisis.

On today’s Big Take podcast, Bloomberg’s Shawn Donnan and Bloomberg Economics’ Tom Orlik join David Gura on the AI industry’s global money machine: how it works and what risks it could pose to the global economy if the AI trade doesn’t deliver fast enough. 

Read more:

Viewprofiles for each of the world’s500 richest people, see thebiggest movers, and comparefortunes or trackreturns on the Bloomberg Billionaires Index.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:David Gura; Guests: Shawn Donnan and Tom Orlik; Produced by David Fox, Brunella Tipismana Urbano; Edited by Tracey Samuelson; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

As US journalist Azadeh Moaveni was writing her latest book, ‘The East Wing’, a history of America's first ladies and their staff, President Donald Trump’s demolition of that very part of the White House was underway. 

Moaveni presents her book as a “parallel women’s history,” tracing how the wives of US presidents, including Melania Trump, who traditionally had offices in the now-vanished annex, helped shape alliances at home and abroad.

See omnystudio.com/listener for privacy information.

Jane Street just eclipsed Goldman Sachs and JPMorgan as the biggest trading house on Wall Street. It pulled in nearly $40 billion in trading revenue in 2025. And it’s so enigmatic that to the outside world, it’s unclear who’s even in charge.

On today’s Big Take podcast, David Gura talks to finance reporters Max Abelson and Katherine Doherty on their reporting on who’s calling the shots at the firm and why it matters to global markets.

Read more: Who’s Who at Jane Street

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:David Gura; Guests: Max Abelson and Katherine Doherty; Produced by David Fox; Edited by Jeffrey Grocott; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

Ultra-wealthy individuals in the UK have been fleeing the country, after sweeping Labour Party tax reforms led to a crackdown on overseas wealth. For the first time, new data from the Bloomberg Billionaires Index reveals just how much money is at stake with the exodus.

On today’s Big Take podcast, host Sarah Holder talks to Bloomberg’s Benjamin Stupples about the UK’s $160 billion problem and the impact it could have on Britain’s economy.

Read more:

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guest: Benjamin Stupples; Produced by Julia Press, Julia Weaver; Edited by Paddy Hirsch, Aaron Edwards; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

President Trump is campaigning in Texas on Wednesday, rallying voters in a state that’s long been a Republican stronghold. His efforts in traditionally red states around the country show how surprisingly close many of these midterm races have become — and the outcome will determine if Trump’s party can hold onto the Senate and advance his agenda for the next two years.

On today’s Big Take podcast, Texas bureau chief Julie Fine and Washington correspondent Josh Wingrove join host Sarah Holder to break down the ultra-expensive, surprisingly competitive Texas Senate race and what it would mean for Trump’s presidency if he loses the Lone Star state.

Further Listening: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guests: Julie Fine, Josh Wingrove; Produced by David Fox, Julia Press; Edited by Naomi Shavin; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

Beyond software and chips, the AI boom relies on good old-fashioned manufacturing of essential components – a skill that has made a new class of people very, very rich.

On today’s Big Take Asia podcast, host Oanh Ha talks with Bloomberg reporter Cindy Wang and Opinion columnist Catherine Thorbecke about how nimble producers—think toilet manufacturers and furniture makers—pivoted to this booming industry, and the risks of concentrating too much AI manufacturing in one part of the world.

Read more: ‘Like It’s Raining Gold’: The AI Boom’s Unexpected Billionaires

Bloomberg Billionaires Index: 500 of the World’s Richest People 

We have a special Bloomberg subscription offer for podcast listeners atBloomberg.com/podcastoffer.

Hosted by K. Oanh Ha; Guests: Cindy Wang, Catherine Thorbecke; Produced by Naomi Ng and Yang Yang; Edited by Crispina Robert and Paddy Hirsch Engineering by Greg Tock.

See omnystudio.com/listener for privacy information.

Bond yields are climbing from the US to Japan — pushing up borrowing costs and putting fresh stress on governments, markets and consumers. In France, that strain could deepen into a broader crisis for the euro zone.

On today’s episode, Bloomberg Opinion columnist John Authers and Navy Federal Credit Union Chief Economist Heather Long join Sarah Holder to discuss what’s driving the rise in yields, how long they could stay elevated and what lessons the Greek debt crisis might hold for France.

Read more: 

Viewprofiles for each of the world’s500 richest people, see thebiggest movers, and comparefortunes or trackreturns on the Bloomberg Billionaires Index.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guests: John Authers, Heather Long; Produced by Julia Press, David Fox; Edited by Tracey Samuelson, Jeffrey Grocott; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

Amid growing concern over AI risks, top tech executives were summoned to the White House this past week and agreed to US President Donald Trump’s preferred alternative to federal regulation. The accord, which carries no legal weight, commits Anthropic, OpenAI, Nvidia, Meta, SpacexAI and Google to “robust internal processes” and independent audits, and comes soon after safety worries delayed the release of the latest ChatGPT model.

At Google, James Manyika’s role as senior vice president of technology and society — and as co-director of the newly established DeepMind Institute — is to help ensure that AI turns out well. In this conversation with Mishal Husain, the two discuss what regulation could look like without the support of the US and where Google stands in the debate.

Read Mishal’s notes on this conversation https://www.bloomberg.com/mishal

See omnystudio.com/listener for privacy information.

Romantasy books have created a near-billion-dollar industry in the US alone. This week, fans are racing to grab a copy of Rebecca Yarros’ Threshing Day, and bracing for the sixth installment of one of the genre’s biggest hits, A Court of Thorns and Rosesby Sarah J. Maas, coming later this month.

On today’s Big Take podcast, Bloomberg’s Hannah Miller and Madison Muller take host David Gura into the booming world of publishing’s runaway obsession. And The Knave and the Moon author Rachel Gillig talks about going from preschool teacher to global literary celebrity.

Read more: The Steamy, Magical and Now Very Lucrative Romantasy Business

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:David Gura; Guests: Hannah Miller, Madison Muller; Produced by Julia Press and David Fox; Edited by Aaron Edwards; Engineering by Sean Carter; Illustration by Anna Podedworna.

See omnystudio.com/listener for privacy information.

The Premier League has found its top-ranked club, the star-studded and highly decorated Manchester City, guilty of artificially boosting financial results by more than £900 million over nine years. The franchise used “sham” contracts to build an unprecedented competitive advantage. The team has until Oct. 2 to respond to the charges.

On today’s Big Take podcast, David Gura and UK-based Business of Sports Editor Giles Turner unpack the cheating allegations against Man City and how the scandal could reshape the entire league.

Read more: Man City Broke Rules With ‘Sham’ Contracts, League Finds

Popular on Bloomberg: Who’s Who at Jane Street

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:David Gura; Guest: Giles Turner; Produced by Julia Press and David Fox; Edited by Naomi Shavin; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

The 2026 midterms are on track to become the most expensive elections in US history, with Republican Senate candidates raking in hundreds of millions from PACs and Democrats riding a growing wave of individual donations. So who has the edge?

On today’s Big Take podcast, Bill Faries, who oversees Bloomberg’s midterm coverage, and campaign finance reporter Bill Allison join Sarah Holder to break down how each party is raising and spending cash and what it means for control of the Senate — and for the coming presidential race.

Read more: Shifting Senate Map Is Fueling Most Expensive Election Ever

Further Listening: Why Everyone Is Talking About High Diesel Prices

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host: Sarah Holder; Guests: Bill Allison and Bill Faries; Produced by David Fox and Julia Press; Edited by Jeffrey Grocott; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

China is ramping up an ongoing effort to shore up local government budgets and fund AI data centers with tax revenue from its richest citizens. Billionaires across the country are seeing bills hit their doorstep, and one major deadline to pay up is just weeks away.

On today’s Big Take podcast, host David Gura talks to Bloomberg’s Lulu Chen about why Beijing is enforcing and rewriting its tax rules, and the measures some wealthy citizens are taking to pay up or fight back.

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns on the Bloomberg Billionaires Index.

Read more: China’s Tax Grab Squeezes Rich Elite Harder Than Ever

Further listening: China Tightens Its Grip on Billions in Offshore Wealth

Hosted by David Gura; Guest:Lulu Chen; Produced by Naomi Ng; Edited by Aaron Edwards, Engineering by Greg Tock

See omnystudio.com/listener for privacy information.

At over 5%, the 10-year Treasury yield is the highest since 2007. Those soaring yields are raising lots of questions about whether investors should be trimming stocks and buying bonds. But timing such a move can be complicated. 

On today’s Big Take podcast, Bloomberg’s David Papadopoulos and Michael Regan join host Sarah Holder to discuss whether we’re on the brink of a great portfolio reallocation, two very different reasons why bond yields are rising and why one prominent AI skeptic is embracing the trade he once shunned.

Further reading: AI Skeptic Rajiv Jain Embraces the Tech Trade He Once Shunned

Further listening: Why Everyone is Talking About High Diesel Prices

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host:Sarah Holder; Guests: David Papadopoulos and Michael Regan; Produced by Julia Press and David Fox; Edited by Tracey Samuelson; Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

In 2014, the economists Owen Zidar and Eric Zwick were asked by the US Treasury to conduct a study on the tax burden of private business owners. One of their central findings is that there are about three million private business owners who have an average wealth of around $25 million. The research they conducted led to their new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There.

On this week's Weekend Listen, Odd Lots co-hosts Joe Weisenthal and Tracy Alloway talk to Zidar and Zwick about how they measured the actual number of rich people in America, why income inequality started to rise in tandem with the growing number of pass-through businesses, and how it's possible that the collective revenue of the nation's dentists far exceeds that of the NFL.

Read more:
Tech’s New Rich Are Suffering From ‘Sudden Wealth Syndrome’
Jobless Tech Workers Are Being Left Out of San Francisco’s AI Boom

See omnystudio.com/listener for privacy information.

People who fabricate artificial stone are getting sick with a deadly chronic illness—on that, there’s no debate. But whether it’s the individual shops or the material’s manufacturers who should be held responsible is the subject of a highly political dispute playing out across the US.

On today’s Big Take podcast, Bloomberg labor reporter Josh Eidelson breaks down the consequences of this dispute for the industry and the people who work in it.

Read more: ‘Death Sentences’: Crafting America’s Favorite Countertops Is Killing Workers

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host: Sarah Holder; Guest:Josh Eidelson; Produced by Julia Press; Edited by Naomi Shavin; Engineering by Alex Sugiura.

See omnystudio.com/listener for privacy information.

At this week’s UN General Assembly meeting in New York, an AI executive delivered dire warnings via video. President Trump threatened to annihilate Iran. China’s Xi Jinping skipped the meeting altogether. Eight decades after its founding as a guarantor of world peace, does the UN still matter?

On today’s Big Take podcast, what UN week and the Xi-Trump summit mean for global security and the future of multilateralism. Host David Gura speaks with Bloomberg’s managing editor for international security and economics, Nick Wadhams, and Bloomberg TV’s chief political correspondent Annmarie Hordern.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by David Fox and Naomi Ng; Guests:Annmarie Hordern and Nick Wadhams; Edited by Jeffrey Grocott; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

Diesel prices are hitting new highs, and voters aren’t happy. With the midterms approaching, the Trump administration is trying to find ways to curb fuel costs, including a potential US diesel export ban.

On today’s Big Take podcast: The political fallout of sky-high diesel prices. Bloomberg national economics reporter Mark Niquette and host Sarah Holder break down what’s driving up costs, why prices are hitting battleground states particularly hard and whether an export ban could backfire.

Read more: Record Diesel Prices Hit at Worst Time in Key Battleground States

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by David Fox; Reported by Mark Niquette Edited by Tracey Samuelson; Engineering by Alex Sugiura

See omnystudio.com/listener for privacy information.

As Chinese President Xi Jinping makes his first visit to Washington in over a decade, trade and the AI race will likely dominate talks with Donald Trump.

On today’s Big Take Asia podcast, host K. Oanh Ha and Bloomberg’s John Liu unpack what each leader hopes to gain and why they may have no choice but to cooperate on AI safety.

Read more: The Tough AI Questions Looming Over the Trump-Xi Summit

We have a special Bloomberg subscription offer for podcast listeners atBloomberg.com/podcastoffer.

Hosted byK.Oanh Ha; Produced byYang Yang and Naomi Ng; Edited byCrispina Robert and Paddy Hirsch Engineering by Alex Sugiura

See omnystudio.com/listener for privacy information.

The Iran War is likely to take center stage when President Trump meets with Gulf leaders on the sidelines of this week's UN General Assembly. Houthi attacks in Saudi Arabia and rising energy prices underscore the widening global toll of a war that has cost the US more than $43 billion, according to the Pentagon's latest estimate.

On today's Big Take podcast, Bloomberg Global Defense Editor Gerry Doyle and Bloomberg Economics Defense Lead Becca Wasser join Sarah Holder to break down the conflict’s latest costs – the rising tab for the US's six-month-long blockade of the Strait of Hormuz, the drawdown of US munitions stockpiles and the deepening toll on military personnel – and how the war has changed the US's ability to defend itself in future conflicts.

Read more: Iran Blockade Costs Are Draining America’s Global Military Power

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Reported by Gerry Doyle and Becca Wasser;  Produced by Julia Press; Edited by Jeffrey Grocott; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

American pharma giants are increasingly turning to Chinese labs to discover, test and develop cutting-edge drugs.

On the Big Take Asia podcast, Bloomberg’s Amber Tong and Robert Langreth join Oanh Ha to break down why global drugmakers are sourcing their next big breakthroughs from China — and what that means for US biotech dominance.

Read more: Big Pharma Is Hooked on Chinese Licensing Deals

Hosted by K. Oanh Ha; Produced by Naomi Ng and David Fox; Guests:Amber Tong and Robert Langreth; Edited by Paddy Hirsch and Crispina Robert.

Fact-checking by Brunella Tipismana Urbano; Engineering by Alex Suguira.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

It’s been a big week for central banks around the world. Yet among the flurry of rate decisions, the Bank of Japan’s move stands out. After decades of near-zero interest rates, policymakers are betting Japan’s economy is finally returning to something closer to normal.

On today’s Big Take Podcast, K. Oanh Ha and Bloomberg’s Paul Jackson explore why the Bank of Japan is hiking rates at its fastest pace in decades, what the shift means for the yen carry trade and how Japan’s policy moves could ripple across global markets.

Read more: BOJ Hikes at Fastest Pace Since 1990 After Bessent’s Calls

Hosted by K. Oanh Ha and David Gura; Guest:Paul Jackson; Produced by Naomi Ng, Julia Press and David Fox; Edited by Crispina Robert and Paddy Hirsch. Engineering by Sean Carter.

See omnystudio.com/listener for privacy information.

The “working class” in America used to conjure a vivid image: factory workers, blue-collar jobs and a political coalition born out of the Industrial Revolution. But as Republicans and Democrats try to court voters ahead of midterms, a question keeps coming up: What is the working class today?

On today’s Big Take podcast, host Sarah Holder talks to Bloomberg Opinion columnist Allison Schrager, labor activist Bertha “Mama Cookie” Bradley and Distinguished Professor of Law Joan C. Williams about the moving target of defining and catering policy to working Americans.

Read more: Nobody Knows What ‘Working Class’ Even Means Anymore

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Guests:Allison Schrager, Joan C. Williams, Bertha “Mama Cookie” Bradley; Produced by Rachael Lewis-Krisky and Brunella Tipismana Urbano; Edited by Aaron Edwards. Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

The Federal Reserve raised interest rates by 25 basis points today and indicated another hike could come later this year. Chair Kevin Warsh had telegraphed the move, putting him on a collision course with President Donald Trump.

Today on the Big Take, Bloomberg Opinion’s John Authers and Fed reporter Maria Eloisa Capurro join David Gura to discuss why a “no forward guidance” Fed chair showed his hand so early and what it means for the markets and the midterms. 

Read more: Fed Raises Rates as Warsh Bucks Trump to Contain Inflation

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Guests:John Authers, Maria Eloisa Capurro; Produced by Rachael Lewis-Krisky; Edited by Naomi Shavin; Mixed by Alex Sugiura

See omnystudio.com/listener for privacy information.

AI executives across the industry, led by Anthropic CEO Dario Amodei, called for a coordinated slow down in AI development over the weekend.

The move followed a viral post on X from a former Anthropic employee who resigned over safety concerns.

On today’s Big Take podcast, Bloomberg tech editor Sarah Frier joins Sarah Holder to break down the motivations behind those responses — and how IPOs, inflation and the economy are all at play.

Listen more: So Could AI ‘Kill Us All’?

Read more: Anthropic's $2 Trillion IPO Is Still On. And So Is the AI Race

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host: Sarah Holder; Guest:Sarah Frier
Produced by David Fox; Edited by Tracey Samuelson. Mixed and mastered by Sean Carter.

See omnystudio.com/listener for privacy information.

In the midst of a trade war with the US, Canadian Prime Minister Mark Carney is on a charm offensive.

On today’s Big Take podcast, Bloomberg’s Derek Decloet and host David Gura break down how Canada is reassessing its trade and security relationships and cozying up to Europe.

Read more: Canada’s Carney on Capital Investment, AI, US Trade

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by David Fox; Reported by Derek Decloet; Edited by Paddy Hirsch.

Fact-checking by Brunella Tipismana Urbano; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

LIV Golf split the professional circuit early this decade with its flashy tournaments and payouts that outstripped what golfers were earning on PGA tours. Now, after five years — and more than $5 billion in investments from the Saudi Public Investment Fund — LIV filed for Chapter 11 bankruptcy protection.

On today’s Big Take podcast, Golf.com’s Sean Zak joins host David Gura to explore why LIV wasn’t able to convert lavish spending and an attention-grabbing feud with the PGA into big audience numbers. Zak explores the prospect for a player-owned LIV 2.0 and looks at whether the upstart tour was ultimately good for professional golf.

Read more:

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Julia Press; Guest:Sean Zak; Edited by Jeffrey Grocott.

Fact-checking by Brunella Tipismana Urbano; Engineering by Alex Sugiura.

Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Tens of thousands of workers in India are wearing head-mounted cameras to record their every move, helping train humanoid robots to perform everyday human tasks.

On today’s Big Take Asia podcast, Bloomberg’s Saritha Rai joins host Rebecca Choong Wilkins for an inside look at how vast troves of data are gathered by the very people who may eventually be replaced and what it all means for the US-China race for AI dominance.

Read more: Workers Are Teaching AI-Powered Robots to Take Over Their Jobs 

We have a special Bloomberg subscription offer for podcast listeners atBloomberg.com/podcastoffer.

Hosted by Rebecca Choong Wilkins; Produced by Yang Yang; Reported by Saritha Rai; Edited by Crispina Robert, Patrick Hirsch.
Fact-checking by Brunella Tipismana Urbano; Engineering by Alex Sugiura.
Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

"The people building AI earnestly believe that it could kill us all by the end of the decade." An X post by a former employee of both OpenAI and Anthropic went viral and is prompting big questions.

On today’s Big Take podcast, host Sarah Holder and Bloomberg’s Mike Shepard talk through what an AI safety reckoning could look like — and whether an industry in the midst of intense competition can slow down.  

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Guest: Mike Shepard; Edited by Naomi Shavin and Aaron Edwards. Fact-checking by Brunella Tipismana Urbano; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Oil prices topped $100 per barrel on Wednesday, keeping gas prices and the Iran war at the center of the US midterms conversation. Can President Trump burnish his affordability credentials with what he’s calling “the biggest oil deal in world history”?  

On today’s Big Take podcast, Bloomberg Opinion Energy columnist Liam Denning and Andes Bureau Chief Patricia Laya join David Gura to discuss what we know so far about the administration’s plan to take a stake in Venezuelan oil producer North American Blue Energy Partners — and what obstacles the deal could face.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

See omnystudio.com/listener for privacy information.

The bond market has been grabbing headlines and roiling global markets, particularly in the US and in Japan, where yields are surging and buyer interest remains low.

That matters, because as Bloomberg Opinion’s John Authers says, the yield on the 10-year treasury note is the most important number in world finance. 

On today’s Big Take podcast, John Authers joins Stacey Vanek Smith to explain what surging bond yields mean for interest rates and why we could be seeing a correction, not a crisis.

Read more:
It’s Still Endless Summer for Bond Yields
Volatility Limits Post-Labor Day US Bond Rush to Six-Year Low 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Stacey Vanek Smith; Produced by Rachael Lewis-Krisky; Guest:John Authers; Edited by Naomi Shavin. Fact-checking by Brunella Tipismana Urbano; Engineering by Sean Carter. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

The wellness and longevity boom has come for a new kind of consumer: your pet. But with clinical trials still underway and questions lingering about the safety and efficacy of off-label drugs and treatments, how are owners navigating the growing industry?

On today’s Big Take podcast, Bloomberg’s Annika Inampudi and host Sarah Holder dig into the latest frontier in the predicted $165 billion market for pet spending in the US. Plus, we meet a Manhattan dog owner who’s trying just about everything to keep his furry friends healthy.

Read more: Can Your Dog Live Forever? Pet Owners Are Trying Everything

Further listening: The Underground Peptide Market Is Getting Ready to Go Mainstream

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press and Victor Swezey; Reported by Annika Inampudi and Anna Edney; Edited by Aaron Edwards and Tracey Samuelson.

Fact-checking by Rachael Lewis-Krisky and Brunella Tipismana Urbano; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Energy consumers are used to a pretty simple transaction with utility companies: get electricity to power your home, pay up every month. Now, more consumers are stockpiling their own energy using solar panels and batteries. And some are even making money by selling that energy back to the grid.

On today’s Big Take podcast, host Sarah Holder talks to Zero host Akshat Rathi about a new class of at-home energy trader that’s vibe coding its way to daily energy savings and big profits.

Read more: Almost Anyone Can Make Money Selling Electricity With AI and Batteries

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Reported by Akshat Rathi and Olivia Rudgard; Edited by Aaron Edwards.

Fact-checking by Rachael Lewis-Krisky, Victor Swezey and Brunella Tipismana Urbano; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Hundreds of hydropower workers remain missing in Nepal after a glacial collapse caused catastrophic flooding. The disaster laid bare the rising climate risks across Asia and the danger of building in an increasingly volatile environment.

On today’s Big Take Asia podcast, guest host Rebecca Choong Wilkins sits down with Bloomberg’s Clara Ferreira Marques and Bloomberg Opinion’s David Fickling to talk about the human and economic toll of the disaster, why the catastrophe is a warning for the rest of the world and how Nepal’s big bet on clean energy may now be at risk.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Rebecca Choong Wilkins; Produced by Yang Yang; Reported by Clara Ferreira Marques, David Fickling; Edited by Paddy Hirsch, Crispina Robert and Tracey Samuelson.

Fact-checking by Naomi Ng; Engineering by Alex Sugiura

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Russia escalated attacks on the Ukrainian capital of Kyiv this past weekend. It’s the latest signal that Ukraine could face a brutal, decisive winter in this conflict.

Meanwhile, the CIA director paid Moscow a visit last week, and “hybrid” attacks in Europe that have been linked to Russia are heightening concern among NATO countries that the conflict could widen as Russia takes the upper hand. 

On today’s Big Take podcast, host Sarah Holder and Bloomberg Opinion’s Marc Champion unpack the latest developments in the Russia-Ukraine war, the state of European and American involvement and why the next few months could be so crucial. 

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Guest: Marc Champion; Edited by Naomi Shavin. Fact-checking by Big Take team; Engineering by Sean Carter. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Meta has agreed to pay a $17 billion settlement over a range of claims related to the safety and privacy of its platforms, including youth use of social media. The outcome, announced last week, could have implications for other companies, too.

On today’s Big Take Podcast, Bloomberg investigative reporter Olivia Carville talks to host Sarah Holder about the landmark case, and how new information about the death of a teenage TikTok user in 2022 could shape the debate around child safety online.

If you or someone you know is having thoughts of suicide or self-harm, a global list of helplines is available at blog.opencounseling.com/suicide-hotlines.

Read more: TikTok Withheld a Safety Feature From Millions. One Died by Suicide

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Olivia Carville; Edited by Aaron Edwards and Julia Weaver. Fact-checking by Brunella Tipismana Urbano; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

 A 12-foot grim reaper becomes a neighborhood war cry, and the preacher-podcaster crosses the street.

Today on The Big Take: Chapter 4 of Our Town, a limited-run series from Bloomberg and The Big Take, hosted by Meribah Knight with Bloomberg’s Susan Berfield.

Our Town tells the story of a battle over identity fought on one small town’s soil, where acreage, heritage, and what it means to be an American are all up for grabs.

New episodes of Our Town publish on Mondays, but you can listen early on Fridays right here in The Big Take feed. We have a special Bloomberg subscription offer for podcast listeners atBloomberg.com/podcastoffer. 

Hosted by Meribah Knight with Susan Berfield Produced by: Rebecca Laks and David Fox with Julia Weaver and help from Laura Newcombe Edited by: Rebecca Laks and Ken Armstrong Original Score and Mixing by: Alex Sugiura Fact-checking by: Annika Robbins and Rachael Lewis-Krisky Executive Producer: Nicole Beemsterboer 

See omnystudio.com/listener for privacy information.

With Fed Chairman Kevin Warsh set to deliver the biggest speech of his tenure on Friday, anticipation is spreading well beyond bankers and traders. Bond yields are rising, as global economies send up inflationary signals. US Treasury Secretary Scott Bessent’s efforts to tamp down rates by buying bonds may complicate the Fed’s approach. And the keynote speaker himself has suggested that he’s not comfortable sending messages about Fed intentions. So what can he say?

On today’s Big Take podcast, Odd Lots co-host Joe Weisenthal joins Sarah Holder to tee up Warsh’s speech at the Kansas City Fed’s symposium in Jackson Hole, Wyoming, and the challenges facing Warsh and other global central bankers.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Guest:Joe Weisenthal; Edited by Jeffrey Grocott. 

Engineering by Emma Munger.

Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Microdramas — mini soap operas designed to be watched on your phone — have become one of the fastest-growing forms of entertainment in the world.

On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg’s Yang Yang and Bloomberg Businessweek’s Christopher Beam about how millions got hooked on the medium, the challenges studios face as they try to reach new audiences and how AI could transform it all.

Read more: China Has the World Hooked on Two-Minute Microdramas
China Brought 90-Second Microdramas to the US. Now Hollywood Wants In

We have a special Bloomberg subscription offer for podcast listeners atBloomberg.com/podcastoffer.

Hosted by K. Oanh Ha; Produced by Naomi Ng and Victor Swezey; Reported by Yang Yang and Christopher Beam; Edited by Paddy Hirsch and Crispina Robert.

Fact-checking by Victor Swezey; Engineering by Alex Sugiura and Sean Carter.

Senior Producer: Naomi Shavin. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

After amassing US land for more than a century, the Church of Jesus Christ of Latter-day Saints has recently started turning unused tracts into big suburban housing developments.

On today’s Big Take podcast, commercial real estate reporter Natalie Wong and data journalist Ann Choi tell host Sarah Holder about the development plans of the church’s real estate arm, Property Reserve. They also introduce their exclusive tally of the church’s holdings — at least 2.4 million acres across the US, according to a Bloomberg News review of property records compiled by real estate data provider Reonomy.

Read more: The Mormon Church Is Quietly Expanding Its Real Estate Empire Across the US

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Reported by Natalie Wong and Ann Choi; Edited by Jeffrey Grocott.

Fact-checking by Laura Newcombe; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

On today’s Big Take podcast, Bloomberg’s Amanda Gordon and Emily Birnbaum join host Sarah Holder to discuss how political spending is shaping the US midterm elections, who is funding candidates behind the scenes and what’s at stake for both Republicans and Democrats.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Guests: Amanda Gordon and Emily Birnbaum; Edited by Nicole Beemsterboer. Fact-checking by Big Take team; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Backers of the venture are big fans of a town in Idaho where a preacher with a flamethrower tells our reporters how much he hates feminism.

Today on The Big Take: Chapter 3 of Our Town, a limited-run series from Bloomberg and The Big Take, hosted by Meribah Knight with Bloomberg’s Susan Berfield.

Our Town tells the story of a battle over identity fought on one small town’s soil, where acreage, heritage, and what it means to be an American are all up for grabs.

New episodes of Our Town publish on Mondays, but you can listen early on Fridays right here in The Big Take feed. We have a special Bloomberg subscription offer for podcast listeners atBloomberg.com/podcastoffer. 

Hosted byMeribah Knight with Susan Berfield Produced by: Rebecca Laks with Julia Weaver and David Fox and help from Laura Newcombe Edited by: Ken Armstrong with Rebecca Laks Original Score and Mixing by: Alex Sugiura Fact-checking by: Annika Robbins Executive Producer: Nicole Beemsterboer 

See omnystudio.com/listener for privacy information.

On today’s Big Take podcast, economy reporter Shawn Donnan walks David Gura through what eight years of tariffs have meant for steel mills, can manufacturers, food growers and consumers. And as the second Trump administration continues to pursue tariffs – see this week’s 11th-hour negotiations with Canada over the US’s latest proposed duties – Donnan looks at how manufacturers have tried to adapt.

Read more: What the American Tin Can Reveals About Trump’s Volatile Tariff Policy

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Shawn Donnan; Edited by Jeffrey Grocott. Fact-checking by Brunella Tipismana Urbano; Engineering by Emma Munger. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

On today’s Big Take podcast, Stacey Vanek Smith and Bloomberg Opinion’s John Authers unpack the bond market rollercoaster: a sell-off, the highest US 30-year bond yields since the financial crisis — and a sudden intervention.

Read more: The 30-Year Itch Comes for Bonds — and Brazi

Further listening: What Higher Bond Yields Mean for Markets and Everyday Borrowers (Big Take Podcast)

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Stacey Vanek Smith; Produced by Rachael Lewis-Krisky and Victor Swezey; Guest:John Authers; Fact-checking by the Big Take team; Engineering by Zoltan Sindhu and Alex Sugiura. Senior Producer and editor: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

North Korea was supposed to be broke and isolated. Now, it’s enjoying an unexpected economic boom.

On today’s Big Take Asia podcast, Bloomberg’s Cat Barton and host K. Oanh Ha unpack North Korea’s shift from pandemic-era hardship to a multibillion-dollar windfall, and discuss how the country’s newfound wealth is reshaping geopolitical alliances.

Read more: Kim Jong Un Flouted Sanctions to Amass $22 Billion Windfall

Further listening: North Korea’s Nuclear Program Reaches Tipping Point for the US

Watch, from Originals: Why Sanctions Aren’t Stopping North Korea

See omnystudio.com/listener for privacy information.

New York City Mayor Zohran Mamdani is backing a bill that would challenge the subcontractor model Amazon relies on for last-mile deliveries, and the company is spending millions to fight it.

On today’s Big Take podcast, reporters Spencer Soper and Josh Eidelson unpack what this bill could mean for the delivery drivers — and corporate America’s reliance on subcontractors more broadly.

Read more:

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky and Julia Press; Reported by Josh Eidelson and Spencer Soper; Edited by Naomi Shavin and Julia Weaver. Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Diana looks into the town’s newest arrivals: What’s their deal — and who are their friends?

Today on The Big Take: Chapter 2 of Our Town, a limited-run series from Bloomberg and The Big Take, hosted by Meribah Knight with Bloomberg’s Susan Berfield.

Our Town tells the story of a battle over identity fought on one small town’s soil, where acreage, heritage, and what it means to be an American are all up for grabs.

New episodes of Our Town publish on Mondays, but you can listen early on Fridays right here in The Big Take feed. We have a special Bloomberg subscription offer for podcast listeners atBloomberg.com/podcastoffer. 

Hosted byMeribah Knight with Susan Berfield Produced by: Rebecca Laks with Julia Weaver and David Fox and help from Laura Newcombe Edited by: Ken Armstrong with Rebecca Laks Original Score and Mixing by: Alex Sugiura Fact-checking by: Annika Robbins Executive Producer: Nicole Beemsterboer

See omnystudio.com/listener for privacy information.

The 7.4-magnitude earthquake that devastated Colombia this week was also an immediate test for the country’s new Trump-aligned president. Abelardo de la Espriella, who campaigned on slashing Colombia's deficit and cracking down on armed rebel groups, now faces the prospect of  stalling coffee shipments and a costly relief effort, in his first week in office.

On today’s Big Take podcast, host David Gura talks to Bloomberg’s Oscar Medina in Bogotá, Colombia, and Travis Waldron in Brasília, Brazil, about what this moment could mean for a divided Colombia — and for Latin America’s tilt to the right.

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Rachael Lewis-Krisky and Victor Swezey; Reported by Travis Waldron and Oscar Medina; Edited by Jeffrey Grocott. Fact-checking by Laura Newcombe and Brunella Tipismana Urbano; Engineering by Emma Munger. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

The launch of Moonshot AI’s Kimi K3 model has taken the tech world — and Washington — by storm, raising urgent questions about how a Chinese startup can suddenly rival the world's most powerful AI systems.

On today’s Big Take Asia podcast, host Oanh Ha speaks with Bloomberg’s Mark Anderson about the distillation method behind Moonshot’s breakthrough and what it means for the high-stakes AI race between the US and China.

Read more: Moonshot Plans IPO in Six Months After China AI Breakthrough

See omnystudio.com/listener for privacy information.

The online shopping app Phia raised over $43 million and captured media attention for its A-list investors and its high-profile co-founders — Phoebe Gates, daughter of Bill Gates, and her college roommate and podcast co-host Sophia Kianni.

But Bloomberg reporting suggests that Phia was pushing features that took credit for sales it didn’t drive. On today’s Big Take podcast, Bloomberg technology editor Olivia Solon shares her reporting on Phia and what the startup’s founders may have known about those features.

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Reported by Olivia Solon.

Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Alex Sugiura and Emma Munger.

Senior Producer and Editor: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

US Treasury Secretary Scott Bessent’s move to prop up the yen was as surprising as its impact was fleeting. By Monday, the yen lost half of its gains since last month’s intervention, raising questions about what comes next.

On today’s Big Take podcast, Bloomberg’s Daniel Flatley and Chris Anstey join David Gura to break down Bessent’s unorthodox currency strategy and to explore how far Bessent might be willing to go to support another country’s currency.

Read more:

How Bessent Brings a ‘Buy-Side’ Mindset to Economic Statecraft

Behind Bessent Moves, Wall Street Sees a Bond-Market Angst

Listen More:

Why a Weak Yen Is America’s Problem

Carry Trades, Explained

Hosted by David Gura; Produced by Laura Newcombe and David Fox; Reported by Daniel Flatley and Chris Anstey; Edited by Jeffrey Grocott.

Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Oh, the things you can find with an inquisitive mind – and a metal detector.

Today we’re bringing you Chapter 1 of Our Town,a limited-run series from The Big Take, hosted by Meribah Knight with Bloomberg’s Susan Berfield. The series tells the story of a battle over identity fought on small town soil, where acreage, heritage, and what it means to be an American are all up for grabs. 

The limited-run series will publish on Fridays in The Big Take. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Meribah Knight with Susan Berfield  Produced by:Rebecca Laks with Julia Weaver and David Fox and help from Laura Newcombe Edited by:Ken Armstrong with Rebecca Laks Original Score and Mixing by:Alex Sugiura Fact-checking by: Annika Robbins Executive Producer:Nicole Beemsterboer 

See omnystudio.com/listener for privacy information.

Situational Awareness, a hedge fund run by a 24-year-old hailed as “Nostradamus of AI”, swelled to $45 billion in assets until a mix of highly leveraged bets, short sellers and a market swoon threw it into crisis.

On today’s Big Take podcast, Bloomberg’s Katherine Burton and Hema Parmar join Sarah Holder to discuss how risky bets led the fund to the brink and whether the episode speaks to broader vulnerabilities among hedge funds investing in AI.

Read more: 

Listen to Money Stuff Podcast: No Kiddie Pool 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Katherine Burton and Hema Parmar; Edited by Jeffrey Grocott. Fact-checking by Victor Swezey and Laura Newcombe; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

When new neighbors move into Gainesboro, Tennessee, a small town at the foothills of Appalachia, locals are confused. Who are these self-proclaimed pioneers? And what do they want with their little town?

Locals soon discover the new arrivals are connected to something much larger: A network of far-right Christians who have ties to Washington and are backed by venture capital.

This is a story about a battle over identity fought on small town soil with small town spunk. Where acreage, heritage, and what it means to be an American are all up for grabs. Episode 1 will be available to Big Take listeners Friday, August 7.

See omnystudio.com/listener for privacy information.

For generations, women have struggled to access information about menopause and how best to treat its symptoms. Social media and the rise of telehealth have filled some of that gap, giving way to a $19 billion economy. But is the commercial menopause marketplace serving women or leaving them behind?

On today’s Big Take podcast, health and science journalist Kristen V. Brown explores the benefits and risks of the menopause treatment gold rush, and we hear from a woman who spent years navigating the vast market herself.

Read more: The Menopause Gold Rush Is Failing Women

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Reported by Kristen V. Brown; Edited by Aaron Edwards.

Fact-checking by Rachael Lewis-Krisky and Victor Swezey; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

As the Japanese yen hit a 40-year low against the US dollar, Japan's government stepped in to support its currency. And it has a powerful ally in US President Donald Trump, who is putting the US financial might behind the historic currency intervention in what he called a “signal of friendship.”

On today’s Big Take Asia podcast, host K. Oanh Ha sits down with chief Asia foreign exchange correspondent Ruth Carson to unpack how the yen fell so far, what it could take to get it back on track and what’s at stake for the global economy.

Read more: Bessent Says Yen Level Problem for Japan, Other Currencies 

Further listening:

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by K. Oanh Ha; Produced by Naomi Ng, Yang Yang, Rachael Lewis-Krisky and Victor Swezey; Reported by Ruth Carson; Edited by Paddy Hirsch and Tracey Samuelson. Fact-checking by Victor Swezey; Engineering by Emma Munger and Taka Yasuzawa. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

US crude prices fell below $80 for much of the day Monday as oil traders factored in a potential deal to reopen the Strait of Hormuz. But even as reports of imminent peace deals or attacks jolt oil markets, fuel prices at US gas stations have remained high. Late last week, US oil companies Exxon and Chevron reported their biggest profits in years.

On today’s Big Take podcast, oil reporter Mitchell Ferman joins host Sarah Holder to explain why oil companies are built for global conflict.

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Laura Newcombe; Reported by Mitchell Ferman; Edited by Jeffrey Grocott. Fact-checking by Rachael Lewis-Krisky and Victor Swezey; Engineering by Emma Munger. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Insurers have quietly become a major driver of the private credit boom, with numerous private equity shops striking deals with insurance companies or buying them outright. But the entanglement with private credit is also changing the insurance industry itself, raising a number of questions about risk and regulation.

In this week's Weekend Listen, Odd Lots speaks to Andrew Granato and Pranjal Drall, authors of a new paper, “Private Credit's State Backstop: How Private Equity Socializes Risk Through Insurers," examining the relationship between private credit and insurance. Granato (an assistant professor at the UT Austin Law School) and Drall (JD-PhD student in Financial Economics at Yale) talk to us about how PE got so interested in insurance in the first place, how both sides benefit from the relationship, and why taxpayers might ultimately be on the hook.

Read more:
Blue Owl Surges as Leaders Stress It’s More Than a Direct Lender
Ares $29 Billion Private Credit Fund Sees Uptick in Non-Accruals

Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation: discord.gg/oddlots

See omnystudio.com/listener for privacy information.

The path to the future of the Democratic Party — and to the White House in 2028 — may well run through Michigan. The state’s upcoming Democratic primary election is a highly anticipated showdown between a Democratic-Socialist-backed candidate and a centrist one, who are vying for both a crucial seat in the US Senate and a major say in the party’s priorities.

On today’s Big Take podcast, host David Gura sits down with senior political correspondent Nancy Cook and Bloomberg Opinions’ Ronald Brownstein to unpack the stakes of the Democratic primaries in this midterm cycle and what they could reveal about the party’s future.

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Nancy Cook and Ronald Brownstein; Edited by Naomi Shavin. Fact-checking by Laura Newcombe and Victor Swezey; Engineering by Sean Carter. Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

From margarine to chocolate treats, some brands are swapping in cheaper ingredients to save money on their most beloved products. It’s a trend known as “skimpflation.” But what happens when consumers start to notice?

On today’s Big Take podcast, Stacey Vanek Smith hears from Brad Reese, grandson of the Reese’s Peanut Butter Cup creator, about his crusade against the practice, the multi-million-dollar cottage industry that’s formed around it and the economic conditions that got us here in the first place.

Read more: How Brands Sneak In Cheaper Ingredients to Protect Their Profit Margins

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

See omnystudio.com/listener for privacy information.

With the US midterms fast approaching, voters and the media are increasingly looking to a new forecasting tool: prediction markets.

The leading platforms, Kalshi and Polymarket, have been touted as a truth serum for political forecasting — arenas for mass betting that reveal what people really think when they’ve got money on the line. But a new Bloomberg investigation has found evidence that these markets are vulnerable to manipulation.

On today’s Big Take podcast, host Sarah Holder and Bloomberg investigative reporter Liam Vaughan dig into what can happen when prediction markets mix with politics — and how cheap and easy it can be to sway them.

Read more: How a Few Hundred Dollars Could Manipulate Election Prediction Markets

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Victor Swezey and David Fox; Reported by Liam Vaughan; Edited by Tracey Samuelson.

Fact-checking by Julia Press; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Weeks of student-led protests forced the resignation of India’s education minister, in a rare public setback for Prime Minister Narendra Modi.

On today’s Big Take Asia podcast, guest host Rebecca Choong Wilkins and Bloomberg reporter Atul Dev discuss how India’s cockroach movement grew from a satirical online joke into a powerful anti-Modi protest and why its economic grievances resonate so deeply among young Indians at this moment.

Read more: Awakened Indian Students Hand Modi One of His Biggest Setbacks
India Youth Protests End as Modi Bows to Group’s Demands

Hosted by Rebecca Choong Wilkins; Produced by Naomi Ng; Reported by Atul Dev; Edited by Jeffrey Grocott, Paddy Hirsch and Julia Weaver. 

Fact-checking by Rachael Lewis-Krisky and Julia Press; Engineering by Taka Yasuzawa, Alex Sugiura, Emma Munger

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

As President Trump paused strikes on Iran over the weekend, he ratcheted up pressure on another front: his renewed trade war.

On Friday, the US president imposed levies of 10 or 12.5% on 60 economies, the first in many steps to rebuild the tariff wall destroyed when the Supreme Court overturned Trump’s IEEPA tariffs in February.

On today’s Big Take podcast, Bloomberg’s global trade editor Brendan Murray sits down with host David Gura to break down the latest tariffs, what they reveal about the administration’s new strategy and whether they’ll hold up in court.

Read more:

Watch more:

US Trade Rep. Greer on China Relations and Section 301 Tariffs

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Brendan Murray; Edited by Nicole Beemsterboer. Fact-checking by Rachael Lewis-Krisky; Engineering by Emma Munger.

See omnystudio.com/listener for privacy information.

As wealth becomes increasingly concentrated — and artificial intelligence threatens to shift even more income from workers to investors — has the US tax system become outdated? On this Weekend Listen, Trumponomics' Stephanie Flanders speaks with Harvard professor Jason Furman, a former economic adviser to President Barack Obama, and Bloomberg reporter Caitlin Reilly about wealth taxes, capital gains, inheritance and whether taxing America's richest is politically or constitutionally possible.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

See omnystudio.com/listener for privacy information.

American consumers disputed nearly 30% more credit card transactions in 2025 than they did just four years earlier. Some of those “chargebacks” are legitimate issues or outright scams. But increasingly, many are what Bloomberg Businessweek reporter Amanda Mull says is friendly fraud — transaction disputes that aren’t completely honest or the retailer’s fault.

On today’s Big Take podcast, Mull joins host Sarah Holder to discuss the sharp rise in chargebacks, and the consequences of this trend for retailers, banks and consumers.

Read more: Credit Card Holders Are Using ‘Friendly Fraud’ to Get Back at Retailers

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Reported by Amanda Mull; Edited by Naomi Shavin.

Fact-checking by Laura Newcombe; Engineering by Sean Carter.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

After the pandemic-era run on medical gloves, the US government set a plan in motion to reshore manufacturing. Roughly six years and almost $1 billion later, America is once again facing potential shortages ofmedical gloves because of supply chain disruptions stemming from the war in Iran.

On today’s Big Take podcast, host Sarah Holder and health care industry reporter Anna Edney break down why US efforts to make American medical gloves have largely failed, what it says about reshoring manufacturing writ large and where the industry goes from here. 

Read more: Almost $1 Billion Later, the US Still Can’t Make a Medical Glove

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Laura Newcombe and Rachael Lewis-Krisky; Reported by Anna Edney; Edited by Naomi Shavin. Fact-checking by Victor Swezey; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

How did Tether — the largest stablecoin issuer in the world — go from fighting stablecoin regulation to supporting the Genius Act? That’s the subject of a new Bloomberg News investigation into how Trump insiders helped to loosen safeguards and shape the process that led to the law in ways that benefitted the company.

On today’s Big Take podcast, Bloomberg’s Anthony Cormier and David Kocieniewski detail their reporting for host Sarah Holder, including how US Commerce Secretary Howard Lutnick, according to court filings, ‘managed to kill’ less favorable legislation before taking office, and how former White House aide Bo Hines defended a provision Tether wanted – before going to work for the company.

Read more: How Tether Benefited as Trump Insiders Shaped First US Crypto Law

Further listening: Meet Tether, The Most Powerful Crypto Firm You’ve Never Heard Of

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by David Fox; Reported byAnthony Cormier, David Kocieniewski and Annie Massa; Edited by Aaron Edwards, Tracey Samuelson.

Fact-checking by Rachael Lewis-Krisky; Engineering by Emma Munger, Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

When a 1,000-year-old Cambodian statue came up for auction at Sotheby’s in New York, it sparked off an investigation that uncovered one of the world’s most extensive art trafficking networks.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Matthew Campbell and American lawyer Bradley Gordon on how Cambodia’s looted treasures ended up scattered around the world and what it takes to bring them home.

Read more: Chasing the Man Who Stole the Gods

Watch, from Originals: Cambodia to Museums: We Want Our Statues Back

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by K. Oanh Ha; Produced by Naomi Ng; Reported by Matthew Campbell; Edited by Aaron Edwards. Fact-checking by Victor Swezey and Yang Yang; Engineering by Taka Yasuzawa and Emma Munger. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. Photo by Agnes Dherbeys/The New York Times/Redux

See omnystudio.com/listener for privacy information.

From celebrity wedding details to the timing of military strikes, prediction markets have opened the door to gambling on almost anything. They’ve also created a new class of insider trader that platforms and US regulators are racing to stop.

On today’s Big Take podcast, Bloomberg’s Denitsa Tsekova and Leonardo Nicoletti join host Sarah Holder to break down a $200 million surge in unusual bets on Polymarket — and explore what it will take for regulators to rein them in.

Read more: Prediction Markets Are Minting a New Type of Insider Trader

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky and Victor Swezey; Reported by Denitsa Tsekova and Leonardo Nicoletti; Edited by Aaron Edwards and Julia Weaver.

Fact-checking by Victor Swezey, Laura Newcombe and David Fox; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Tucker Carlson was one of Donald Trump’s most prominent allies when he campaigned for re-election and through his first year back in the White House.

The US-Israel war with Iran, however, marked a decisive split between the two men. Carlson, a right-wing media personality, now argues that Trump has abandoned his “America First” agenda and allowed Israel to drive US foreign policy.

In this conversation, Carlson tells Mishal Husain about how he advised against starting the war with Iran. He also talks about his faith in Vice President JD Vance and his belief that feminism has exploited women in the workplace.

Contact The Mishal Husain Show mishalshow@bloomberg.net

See omnystudio.com/listener for privacy information.

There’s a historic mismatch between fun-supply and fun-demand in the US this summer.

Americans are clamoring for places to relax and socialize. But the purveyors and conduits of fun — like airlines, theme parks, resorts, concert venues, camps and more — are all grappling with the same inflationary pressures as the rest of us — making fun more expensive and harder to access. 

On today’s Big Take podcast, host Sarah Holder talks to Bloomberg's Ben Steverman about why a fun shortage is a serious problem for society — and what can be done about it. 

Read more: The Fun Shortage Is Real, and It’s Making America Miserable

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Laura Newcombe; Reported by Ben Steverman; Edited by Naomi Shavin. Fact-checking by Rachael Lewis-Krisky; Engineering by Sean Carter.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

A slate of new data this week painted a tepid but slightly optimistic picture of the US economy: Consumer prices declined in June for the first time in six years, jobless claims ticked down and retail sales rose modestly. So why doesn’t the data match up with how Americans are feeling?

On today’s Big Take podcast, host Sarah Holder talks to Bloomberg’s Reade Pickert and labor economist Kathryn Anne Edwards about what the data does (and doesn’t) tell us about the state of the US economy.

Read more: How’s Inflation? Depends How It’s Measured

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Reported by Reade Pickert; Edited by Aaron Edwards.

Fact-checking by Victor Swezey, Rachael Lewis-Krisky; Engineering by Sean Carter.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

President Donald Trump’s 2025 financial disclosure showed earnings unlike anything Americans have seen from a sitting US president: $1.4 billion in cryptocurrency, 21,000 securities trades and millions from his resorts and golf clubs.

On today’s Big Take podcast, Bloomberg campaign finance reporter Bill Allison joins host Sarah Holder to look at the ethical concerns the disclosure raises and what — if any — political fallout could follow.

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Bill Allison; Fact-checking by Victor Swezey; Engineering by Alex Sugiura; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

China’s men’s soccer team has qualified for the World Cup just once, despite millions in investment and a personal push from President Xi Jinping to turn the nation into a footballing powerhouse.

On today’s Big Take Asia podcast, host Oanh Ha speaks with Eric Zhu of Bloomberg Economics and Mark Dreyer, sports writer and author of Sporting Superpower, about why the country’s top-down engineering approach fails to capture the grassroots magic of the game and how academic pressure continues to push many young players off the field.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Oanh Ha; Produced by Yang Yang and Naomi Ng; Edited by Patrick Hirsch, Julia Weaver; Fact-checking by Julia Press; Engineering by Taka Yasuzawa Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

The last few days have brought a flurry of developments in the Iran war.

As armed hostilities between the US and Iran resumed over the weekend, news broke that US Senator Lindsey Graham had died. Graham was a staunch supporter of Israel and of the war in Iran. And on Monday, President Trump declared US control over the Strait of Hormuz and demanded a 20% reimbursement rate for all cargo that moves through the waterway.

It’s not clear when the war with Iran will end. But when it does, the balance of power in the Middle East will look very different than it did before Hamas attacked Israel on October 7, 2023. On today’s Big Take podcast, Bloomberg’s Peter Martin joins host David Gura to discuss the new alliances, revised trade routes and expanded battlefields that are reshaping the Middle East.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Laura Newcombe; Reported by Peter Martin; Edited by Nicole Beemsterboer.

Fact-checking by Victor Swezey; Engineering by Alex Suguira.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

The great famine of the 1870s killed 50 million people – and El Niño was a key driver. Another El Niño phase has just begun and it’s expected to be among the strongest. There are five times as many people in 2026 as there were in the 1870s and the planet is 1.4C hotter. So are we better prepared?

In this weekend's listen, Bloomberg’s Akshat Rathi speaks with Mingfang Ting, professor of climate at Columbia University, about the natural phenomenon and its interaction with human-caused climate change.

Read more:

Thoughts or suggestions? Email zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.

Some of the world’s top tennis players will face off at the Wimbledon finals this weekend. The players who make it to Centre Court have already achieved a bigger feat: a career as a tennis player.

On today’s Big Take podcast, Bloomberg’s Hannah Miller and The Athletic’s Matt Futterman break down what sets tennis apart from other sports and the challenges the tournaments and players face to stay profitable.

Further Listening : Rafael Nadal's Retirement Is So Great He Doesn't Miss Tennis

Read more: 

Grand Slam prize money is enormous. The economics of tennis tournaments is complicated

Wimbledon Investors Cash In With VIP Seats Costing Over $500,000

Matt Futterman’s book, The Cruelest Game, is available for pre-order

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Julia Press; Reported by Matt Futterman, Hannah Miller; Edited by Aaron Edwards.

Fact-checking by Laura Newcombe; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Maine Democrat Graham Platner’s withdrawal from his US Senate race is ratcheting up an already intense run-up to the US midterm elections. And yet, across the political spectrum, lawmakers in Washington agree that they need to deliver — quickly — on promises of affordability. With broad bipartisan support, they passed the 21st Century ROAD to Housing Act, billed as allowing more Americans to achieve the dream of home ownership.

But the bill’s fate has been thrown into doubt by President Trump, who surprised lawmakers by declining to sign it.

On today’s Big Take podcast, Bloomberg housing policy reporter Katy O’Donnell and Megan Scully, who leads Bloomberg’s Congressional coverage, join Sarah Holder to discuss what’s in the housing bill, how Trump could still steer its fate and what his intervention could mean for Republicans in the midterms.

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Katy O’Donnell and Megan Scully; Edited by Jeffrey Grocott.

Fact-checking by David Fox and Victor Swezy; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

For two decades, American universities have doubled down on master’s programs, relying on graduate degrees as their financial backbones. Now, the Trump administration’s policies are posing existential threats to that business model.

On today’s Big Take podcast, education reporter Liam Knox joins host Sarah Holder to break down the administration’s three-pronged attack on graduate school and the impact it could have on students, universities and America’s place on the global stage.

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Julia Press; Reported by Liam Knox; Edited by Tracey Samuelson.

Fact-checking by Victor Swezey; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

China rattled neighbors from Japan to Australia on Monday by test-launching a long-range ballistic missile from a nuclear submarine in the Pacific Ocean. While such launches are rare, the latest test reflects Beijing’s increasing openness about its growing military strength.

On today’s Big Take Asia podcast, Rebecca Choong Wilkins, who covers Asian government and politics, joins host K. Oanh Ha to discuss the surprise launch, China’s expanding arsenal and what they reveal about Beijing’s military aspirations for 2027 and beyond.

Read more: 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by K. Oanh Ha; Produced by Naomi Ng and Rachael Lewis-Krisky; Reported by Rebecca Choong Wilkins; Edited by Jeffrey Grocott, John Liu and Julia Weaver;

Fact-checking by Julia Press, David Fox and Yang Yang; Engineering by Taka Yasuzawa and Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

Two opaque corners of finance have joined forces: shadow banking and phantom debt. Put another way, private credit firms are backing Buy-Now-Pay-Later companies to finance their expansion into the US consumer market.

On today’s Big Take podcast, guest host Stacey Vanek Smith joins Bloomberg reporters J.J. McCorvey and René Ismail to discuss what private credit’s involvement in BNPL means for everyday borrowers, why it’s raising concerns and whether the risks hiding in these spaces could spill over into the rest of the economy. 

Read more: Private Credit Is Making Bets on Consumer Debt at a Precarious Time

Hosted by Stacey Vanek Smith; Produced by David Fox; Reported by J.J. McCorvey and René Ismail; Edited by Naomi Shavin.

Fact-checking by Julia Press and Laura Newcombe; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener for privacy information.

For America’s 250th anniversary and our Weekend Listen, the Pulitzer Prize-winning historian Jill Lepore joins Mishal Husain to take her through her book on the US Constitution.

We The People explores how the Constitution came about and, crucially, how there was an expectation that it would likely change over time. 

This is not, however, an episode entirely set in the past, because Jill Lepore is acutely alive to the pressures of the moment and of the contested sense of what America is or should be.

Contact The Mishal Husain Show mishalshow@bloomberg.net

Subscribe today on Apple Podcasts and Spotify.

See omnystudio.com/listener for privacy information.